HIVE Options History — September 2015

In September 2015, HIVE traded between $28.50 and $32.15. ATM implied volatility averaged 52.0%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 14.3%. IV traded above realized volatility by 0.6% (HV 20d: 51.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 0.95.

Notable Days

2015-09-02: Highest Volume — 139 contracts
2015-09-14: Largest IV spike — 59.5% change
2015-09-08: Highest IV Rank — 33.8%
2015-09-14: Largest Expected Move — 20.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.23	$28.50	$32.15	$30.30	$29.75
Max Pain	$25.00	$25.00	$25.00	$25.00	$25.00
ATM IV	52.0%	42.1%	78.5%	63.2%	49.5%
Expected Move	14.3%	12.1%	20.0%	18.1%	14.2%
HV 20d	51.4%	41.3%	56.6%	52.0%	48.7%
HV 60d	47.0%	44.2%	49.5%	47.7%	47.6%
IV Rank	12.5%	4.7%	33.8%	21.6%	9.5%
IV Percentile	27.9%	4.0%	87.7%	57.1%	22.6%
Term Structure	4.5%	-20.7%	29.1%	-20.7%	0.2%
VWIV	49.2%	41.7%	69.5%	46.7%	51.4%
Skew 25d	-13.5%	-66.6%	17.1%	-25.0%	-56.4%
Skew 10d	-9.0%	-97.2%	33.2%	-28.6%	-94.3%
Call IV 25d	68.4%	38.6%	139.7%	77.6%	139.7%
Put IV 25d	55.0%	42.6%	83.3%	52.6%	83.3%
Bid-Ask Spread %	63.71	19.32	93.43	93.43	77.96
Gamma HHI	0.55	0.45	0.67	0.62	0.65
Net GEX	3.0K	1.3K	5.5K	2.8K	1.8K
Net DEX	-93.5K	-194.8K	100.2K	-128.1K	80.1K
Net VEX	-522	-889	-273	-573	-300
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.95	0.00	1.69	1.69	0.69
Total Volume	114.714	0	139	123	128
Total OI	325.381	250	412	319	412

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2015-09-01	$30.30	$25.00	63.2%	18.1%	52.0%	21.6%	46.7%	-25.0%	-20.7%	2.8K	-128.1K	-573	1.69	93.43	N/A	N/A	46	77	232	87
2015-09-02	$29.05	$25.00	55.3%	15.9%	48.7%	15.3%	49.1%	-9.3%	-20.4%	1.7K	-96.3K	-482	1.25	47.18	N/A	N/A	62	77	230	87
2015-09-03	$30.45	$25.00	66.1%	14.9%	52.8%	24.0%	47.1%	3.6%	19.3%	2.9K	-117.6K	-524	1.25	41.51	N/A	N/A	62	77	230	87
2015-09-04	$31.00	$25.00	67.3%	17.4%	53.5%	24.9%	56.1%	8.7%	-6.3%	4.2K	-158.5K	-719	1.25	72.17	N/A	N/A	62	77	230	87
2015-09-08	$31.30	$25.00	78.5%	15.5%	53.9%	33.8%	0.0%	-17.9%	-7.4%	4.7K	-194.8K	-889	0.00	43.49	N/A	N/A	0	0	230	87
2015-09-09	$30.55	$25.00	42.1%	12.1%	54.1%	4.7%	45.1%	-21.9%	15.8%	4.0K	-174.2K	-849	1.25	50.10	N/A	N/A	62	77	230	87
2015-09-10	$30.75	$25.00	43.9%	12.6%	54.1%	6.2%	46.6%	-19.3%	15.1%	4.5K	-171.3K	-793	1.25	50.65	N/A	N/A	62	77	230	87
2015-09-11	$30.05	$25.00	43.8%	12.6%	53.9%	6.1%	44.7%	3.9%	14.0%	1.3K	-120.8K	-362	1.25	77.69	N/A	N/A	62	77	230	87
2015-09-14	$30.00	$25.00	69.9%	20.0%	53.1%	27.0%	69.5%	17.1%	-6.9%	3.3K	-123.5K	-457	1.25	63.75	N/A	N/A	62	77	230	87
2015-09-15	$30.45	$25.00	46.7%	13.4%	52.0%	8.4%	0.0%	8.1%	9.3%	2.0K	-123.5K	-304	0.00	90.60	N/A	N/A	0	0	230	87
2015-09-16	$31.15	$25.00	45.3%	13.0%	52.7%	7.3%	49.1%	-21.8%	12.4%	5.2K	-182.5K	-755	1.25	32.00	N/A	N/A	62	77	230	87
2015-09-17	$31.25	$25.00	50.8%	14.6%	52.9%	11.7%	54.8%	-16.6%	-5.9%	5.4K	-168.2K	-668	1.25	69.25	N/A	N/A	62	77	230	87
2015-09-18	$32.15	$25.00	45.1%	12.9%	54.4%	7.1%	55.7%	7.0%	24.2%	5.5K	-179.2K	-616	1.25	19.32	N/A	N/A	62	77	230	87
2015-09-21	$30.55	$25.00	45.3%	13.0%	56.6%	7.3%	45.0%	5.5%	0.1%	1.6K	-134.6K	-337	0.31	76.09	N/A	N/A	56	17	224	27
2015-09-22	$29.80	$25.00	48.8%	14.0%	55.0%	10.1%	47.3%	1.0%	10.9%	1.9K	-123.0K	-312	0.43	76.63	N/A	N/A	40	17	224	27
2015-09-23	$29.40	$25.00	43.9%	12.6%	54.7%	6.1%	43.5%	4.6%	19.8%	1.8K	-110.6K	-273	0.69	62.78	N/A	N/A	69	48	223	27
2015-09-24	$30.00	$25.00	46.5%	13.3%	41.3%	8.2%	46.5%	8.6%	2.4%	1.6K	-18.9K	-461	0.72	77.59	N/A	N/A	75	54	261	66
2015-09-25	$28.65	$25.00	42.2%	12.1%	43.4%	4.7%	41.7%	-66.6%	29.1%	2.1K	97.1K	-467	0.64	75.92	N/A	N/A	82	52	299	104
2015-09-28	$29.70	$25.00	46.9%	13.4%	44.8%	8.5%	47.7%	-53.7%	2.2%	1.5K	85.5K	-442	0.67	77.06	N/A	N/A	78	52	302	104
2015-09-29	$28.50	$25.00	50.9%	14.6%	46.5%	10.7%	47.2%	-42.2%	-12.0%	2.5K	100.2K	-387	0.69	62.73	N/A	N/A	76	52	306	104
2015-09-30	$29.75	$25.00	49.5%	14.2%	48.7%	9.5%	51.4%	-56.4%	0.2%	1.8K	80.1K	-300	0.69	77.96	N/A	N/A	76	52	308	104